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November 2008 News Article
30 November Timing getting critical for market entrants
Investors should start looking at entering the real-estate market, several experts have suggested this weekend (21-22 Nov 2008).
28 November Australians' minimal mortgage defaults
The level of mortgage default in Australia has risen over the past year, but is still at a low 2.1 per cent.
27 November New public housing body sought
The federal and state governments should make a greater commitment to public housing, the Housing Industry Association has suggested ahead of this weekend's ((29-30 Nov 08) meeting of the Council of Australian Governments.
24 November Improvement in housing market expected in ACT
Rent markets are expected to ease in 2009 and higher land supply will result in an improvement in affordability, according to a BIS Shrapnel report made public today (24 November 2008)
24 November Labour improves, but shortages persist
Construction trades availability has improved marginally, but shortages persist, according to the latest Housing Industry Association-Austral Bricks Trades Report made public today (24 November 2008).
20 November Case sends warning over (rip)-off-the-plan possibility
A law case in Canberra sends a message to buyers and builders of new homes about checking the origin of their plans.
18 November More mortgage relief on the way, RBA suggests
Another big interest-rate cut is likely before Christmas, the minutes of the Reserve Bank's November monthly meeting suggest.
17 November Householders losing energy and cash through housing gaps
Australian householders are losing large amounts of money through gaps in insulation and other holes and cracks, according to energy imaging experts.
14 November Warranty insurance inquiry condemned
The Senate inquiry into home building warranty insurance scheme has recommended that the scheme remain compulsory and only be subject to minor change, despite huge evidence of dissatisfaction.
10 November Lending for housing falls for eighth month
The number of loans for dwellings fell 3.7 per cent in September – the eighth straight months of falls, according to Australian Bureau of Statistics figures released today (10 November 2008).
4 November Banks likely to take some of the rate cut
It seems like the main banks will take a cut of today’s (4 November 2008) cut in the official interest rate by the Reserve Bank.
3 November Shares plummet while house prices hold their own
While share prices have taken a hammering in the past quarter, property prices have held their own, according to the latest Australian Bureau of Statistics figures released today (3 November 2008).